Bitcoin Price Rebounds, JPMorgan Sets Price Target at $146,000
Bitcoin price rebounded above the $31,000 level after the largest single-day decline in Monday trading, extending the unprecedented volatility into 2021 that initially started since the beginning of the September quarter of 2020.
Bitcoin Price Fell on Profit-Taking, the Bull Case is Still Strong
After smashing an all-time high on Monday, Bitcoin price retreated amid traders profit taking strategy as the largest coin soared almost 40% in the last month alone. Despite the selloff, the market fundamentals are supporting the bull’s case considering the crypto adoption.
Square Stock Jump 10% on Revenue Beat Despite Lofty Valuations
The square stock price soared more than 10 % in post-market trading after the company topped revenue and earnings expectations for the second quarter. The shares of the online digital company jumped to a new record level of $150.